Re: Rollover IRA Question (x-post)
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Thanks. One other question, if you have the time. I meet the criteria to make the maximum contribution to the IRA. Is there any sense in selling $4,000 of stock and putting it in the IRA (since it's tax-deductible)? I know I'll pay taxes on the stock gains after I sell it, but a $1,000 deduction far outweighs the amount of taxes I'd pay on certain gains. Does this make any sense at all?
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How long have you owned the stocks? If the sale is taxed at long term 15% rate, then I don't see a problem.
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I've owned one for more than three years, the other for over a year...
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